Office of Financial Aid

Office Closing Early on Friday

The Office of Financial Aid will be closed at 2:30pm this
Friday May 2nd.

Using the myIIT Portal to view your Award

For Information and instruction about logginf into the
myIIT oirtal to view your 2008-2009 financial aid award
please click here.

Graduating Students- Upcoming Loan Payments

If you have received Graduate Plus loans while attending
Chicago Kent and you are graduating next month, your first
payment will be due as early as May or June. If you used
one of the Graduate Plus loan lenders on the Office of Financial
Aid's preferred lender list you have the option to place
your loans in a 6 month forbearance to prevent entering
immediate repayment. To be sure that the forbearance is
in place well before your payment is due, please contact
your lender as soon as possible with your request.

Please keep in mind that during forbearance your interest
still accrues. Also, if you place your Graduate Plus loans
in forbearance, you may loose your repayment incentives.
For example, if a lender advertises a 1% interest rate reduction
if you make 24 months of on time payments and you place
your Graduate Plus loan in forbearance, you no longer qualify
for the interest rate reduction.†For this reason please
ask your lender the following questions before requesting
forbearance:

Do I still qualify for my repayment incentives if I
use a forbearance option?

Will I still qualify for my repayment incentives if
I request a forbearance more than one time over the life
of the loan?

Also, if you consolidated your Federal Stafford loan while
attending Chicago Kent, your 6 month grace period was waived
and your first payment will be due as early as May or June
as well. If you are unable to make payments please contact
your lender to request an economic hardship or unemployment
deferment. To be sure that the deferment is in place well
before your payment is due, please contact your lender as
soon as possible with your request

Summer '08 Financial Aid Information

If you plan on attending the summer 08 semester
please click here
for information about financial aid.

Graduate PLUS Loan Repayment Answers

Question from Student:

If I do not attend class during the summer term will I
have to make payments during the summer?

Answer:

The lenders on the Office of Financial Aidís preferred
lender list are automatically granting our students in-school
deferment status over the summer term. In order to be sure
that your loan is placed into in-school deferment status
during the summer it is advised that you contact your lender
to verify before the end of the spring term.

Please keep in mind that these terms are specifically for
the lenders on our preferred lenders list. If you did not
choose one of the lenders on our preferred lender list,
please contact you lender as soon as possible to find out
if they offer an in-school deferment option for the summer
term.

Perkins Loan Promissory Notes

Students awarded the Perkins Loan must see
the Bursar in room 290 to sign the Perkins Loan Promissory
Note once contacted by the Student Loan Office. No funds
will be applied without this important document on file.

REFUND CHECKS

Refund checks are generated by the Bursar's Office
and are available to be picked up at their office
(Room 290) approximately 5-7 business days after a
credit has resulted in a student's account.

The Bursar's Office will send the student an email
when a refund check is available.

Free Credit Report

Did you know that you are now able to
receive a free credit report once every 12 months?
We encourage students to review their credit reports
annually to check for inaccuracies and identify any
suspicious activity.

To receive your free credit report,
please visit the following link: http://www.annualcreditreport.com.
This central site allows you to request a free credit
file disclosure, commonly called a credit report,
once every 12 months from each of the nationwide consumer
credit reporting companies: Equifax, Experian and
TransUnion.

Please be aware that other sites may
advertise free credit reports, but this is the only
site that is sponsored by the federal government and
the three nationwide credit reporting agencies. Other
sites may charge fees.